Oconee Federal Financial (Oconee Federal Financial) Cash-to-Debt : 0.11 (As of Sep. 2023)

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What is Oconee Federal Financial Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Oconee Federal Financial's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.11.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Oconee Federal Financial couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Oconee Federal Financial's Cash-to-Debt or its related term are showing as below:

OFED' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 6.44 Max: No Debt
Current: 0.11

During the past 13 years, Oconee Federal Financial's highest Cash to Debt Ratio was No Debt. The lowest was 0.11. And the median was 6.44.

OFED's Cash-to-Debt is ranked worse than
93.39% of 1423 companies
in the Banks industry
Industry Median: 1.3 vs OFED: 0.11

Oconee Federal Financial Cash-to-Debt Historical Data

The historical data trend for Oconee Federal Financial's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Oconee Federal Financial Cash-to-Debt Chart

Oconee Federal Financial Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Cash-to-Debt

Get a 7-Day Free Trial

0.68

1.93

6.90

2.04

1.08

Oconee Federal Financial Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															1.08	0.41	0.18	0.18	0.11

Competitive Comparison of Oconee Federal Financial's Cash-to-Debt

For the Banks - Regional subindustry, Oconee Federal Financial's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Oconee Federal Financial's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Oconee Federal Financial's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Oconee Federal Financial's Cash-to-Debt falls into.

Oconee Federal Financial Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Oconee Federal Financial's Cash to Debt Ratio for the fiscal year that ended in Jun. 2022 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	9.733	/	(0	+	9)
	=	1.08

Oconee Federal Financial's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	5.691	/	(0	+	50.2)
	=	0.11

Oconee Federal Financial (OTCPK:OFED) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Oconee Federal Financial Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Oconee Federal Financial's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Oconee Federal Financial (Oconee Federal Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Oconee Federal Financial Corp (OTCPK:OFED) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 East North Second Street, Seneca, SC, USA, 29678

Website

https://www.oconeefederal.com

Oconee Federal Financial Corp is a United States-based stock holding company. The company through its subsidiaries provides banking products and services in the us states of South Carolina and Georgia. Its principal business activity involves attracting retail deposits from the public and investing those deposits, together with funds generated from operations, in one-to-four family residential mortgage loans and, to a lesser extent, non-residential mortgage, construction and land, agricultural, and other loans.

Executives

Curtis T Evatt	director, officer: EVP and CFO	C/O OCONEE FEDERAL SAVINGS AND LOAN, 201 E NORTH SECOND STREET, SENECA SC 29678
Charles Todd Latiff	officer: Senior Vice President	201 EAST NORTH SECOND STREET, SENECA SC 29678
David H Stafford	officer: SVP and COO	201 E. NORTH SECOND STREET, SENECA SC 29678
John William Hobbs	officer: SVP and CFO	6650 CALHOUN MEMORIAL HWY, EASLEY SC 29640
H Allen Salter	officer: SVP and CFO	C/O OCONEE FEDERAL FINANCIAL CORP., 201 EAST NORTH SECOND STREET, SENECA SC 29678
Sandifer Cecil T Jr.	director	C/O OCONEE FEDERAL SAVINGS AND LOAN, 201 E NORTH SECOND STREET, SENECA SC 29678
T. Rhett Evatt	director, officer: President and CEO	C/O OCONEE FEDERAL SAVINGS AND LOAN, 201 E NORTH SECOND STREET, SENECA SC 29678
Mays Harry B Jr.	director	C/O OCONEE FEDERAL SAVINGS AND LOAN, 201 E NORTH SECOND STREET, SENECA SC 29678
Mclellan Robert N Jr.	director	C/O OCONEE FEDERAL SAVINGS AND LOAN, 201 E NORTH SECOND STREET, SENECA SC 29678
W. Maurice Poore	director	C/O OCONEE FEDERAL SAVINGS AND LOAN, 201 E NORTH SECOND STREET, SENECA SC 29678
Nancy M Carter	officer: Senior VP and Asst. Treasurer	C/O OCONEE FEDERAL SAVINGS AND LOAN, 201 E NORTH SECOND STREET, SENECA SC 29678

Oconee Federal Financial (Oconee Federal Financial) Headlines

From GuruFocus

Oconee Federal Financial Corp. Announces Annual Financial Results

By Business Wire Business Wire • 08-14-2020

Oconee Federal Financial Corp. Announces Annual Financial Results

By Business Wire Business Wire • 08-12-2022

Oconee Federal Financial Corp. Announces Voluntary NASDAQ Delisting and SEC Deregistration

By Business Wire • 07-20-2023

Oconee Federal Financial Corp. Announces Annual Financial Results

By Business Wire Business Wire • 08-13-2021

Oconee Federal Financial Corp. Announces Quarterly Financial Results

By Business Wire Business Wire • 04-24-2020

Oconee Federal to Merge With Mutual Savings Bank

By Business Wire • 07-20-2023